Site Sees Slight Dip in Lease Approvals

By Staff Writer September 20, 2019

Swapalease.com reports car lease credit applicants registered a 68.9 percent approval rate in August, a slight dip from the July’s 69.1 percent.

Since January, the lease approval rate has continued to rise with only slight fluctuations. The average credit approval rating for the year to date registers at 69 percent. The slight dip in August can be attributed to a slightly higher number of applicants, which usually come with a higher volume of less-than-stellar credit to take over a lease. 

“We have continued to see steady and healthy increases in approval ratings on Swapalease.com throughout the year, said Scot Hall, executive vice president of Swapalease.com.

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Last modified on Thursday, 26 September 2019 14:59

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